Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 100 percent leased, 19,040-square-foot, multi-tenant retail center located in Indianapolis, Indiana. Tenants are a complementary mix of service-oriented businesses and restaurants including Le Peep Restaurant, Macizo Restaurant, Gatsby's Pub & Grill, LB Extensions, Indianapolis Endodontics, and Staffmark Group. All leases are triple-net and include annual rent escalations, providing year-over-year income growth potential. Constructed in 1999, the center is situated on a 2.16-acre parcel with ample paved parking. A double-sided monument sign located along 71st Street Connector enhances visibility to the center. Intech Commons Shops is located on Intech Commons Drive, near the signalized intersection of Intech Boulevard and West 71st Street. The property has close access to Interstate 465, which forms an approximately 53-mile beltway around Indianapolis. Traffic counts along West 71st Street are 38,146 vehicles per day and exceed 113,347 vehicles per day on Interstate 465. The subject property is in close proximity to several national hotel chains, such as Holiday Inn Express, Home2 Suites by Hilton, Residence Inn, Hilton Garden Inn, Courtyard, and Best Western, providing additional traffic to the area. The surrounding area benefits from a strong daytime employment population of approximately 104,221 people within a five-mile radius. The average household income is $144,655 within one mile; $85,083 within three miles; and $85,531 within five miles.